Posted on 01/01/2012 8:24:32 AM PST by opentalk
Crony capitalism not only is a pain in the national wallet, but products from crony capitalists pose a physical danger. Fisker Automotive fronted by Democratic eco-millionaire Al Gore received a half-billion federal loan 2 years ago to make luxury electric cars.
Not only was this a sweetheart from the Obama administration, but the deal financed the manufacture of unsafe electric lemons.
From the New York Times:
Fisker Automotive is recalling all 239 of its 2012 Karma luxury plug-in hybrid cars because of a fire hazard, according to a report filed with the National Highway Traffic Safety Administration. Prices on the 2012 model start at $103,000, including the destination charge..
..So for $529 million, taxpayers received less than 50 automobiles sold (apparently) to people who can afford the $89,000 sticker price. The New York Times report failed to mention Al Gores connection to this dubious enterprise
...Add the Chevy Volt another fire hazard when charging and you have a nice pipeline from the Treasury to the wallets of the FOO (Friends Of Obama).
(Excerpt) Read more at blogs.dailymail.com ...
The company is getting tax payer money. It's not capitalism; it's socialism
They should have called the car "The Phoenix."
You are much more charitable than I. My belief is the bastards weren't scammed; they're in on it.
Screw that. I'll keep my Diesel 1-ton. It's an older model that doesn't require a pig urine derivative in the exhaust system as an antipollutant.
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